Self Cert Mortgages UK : Self Certified Mortgages - Self-Employed, Non status and Self Assessment

For most people who were self employed, being financially sound and able to make payments easily, were still being refused mortgages, so came along "Self Cert Mortgages". With self cert mortgages a borrower can provide a "self assessment" of their income.

Getting a mortgage when you are self-employed

Self Cert Mortgages were a result of the 1980's boom in the UK when so many people were becoming self employed, this created a problem for people getting mortgages in the UK, a mortgage lender wanted to see 3 years accounts from a *certified accountant before they even considered lending money to the self employed, self assessment wasn't an option.

Lenders that offer true self cert mortgages.

A true self cert application avoids the usual procedure of proving your earnings using...

• Certified accountants.
• Audited accounts.
• Employers references.

Self cert mortgage schemes

• Available to the employed or self-employed
• Available as mortgages or re-mortgages.
• Available as fixed rate and flexible rate

What is Self Cert? | Who Qualifies for self cert | self-employed | Non-status | Self Certifying a mortgage | Self Cert Rates

Other Terms associated with Self Cert Mortgages.

• Self Certification
• Self Certified
• Self Certificated
• Self Employed
• Self Assessment
• Non Status

*Certified accountant
A member of the Chartered Association of Certified Accountants. Its members are trained in industry, in the public's service, and in the offices of practising accountants. In the USA the equivalent is a certified a public accountant (CPA), who is a member of the Institute Certified Public Accountants. click here, for self assessment mortgages .